Master's Programme in Industrial Engineering and Management


Master of Science (Technology).
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120 ECTS

Field of Study:

Technology and Engineering


2 years, full-time


An appropriate Bachelor´s degree or an equivalent qualification.

Tuition fees & scholarships:

Yes, for non-EU citizens.
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Language of Instruction:

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Organising school/s:

School of Science

Application period:

2016-12-15 - 2017-01-25

Publication of Results:


Industrial Engineering and Management

Focus on proactive problem solving and learn to utilize your engineering mind-set in developing business!

The Master's Programme in Industrial Engineering and Management (IEM) combines engineering with economic and human fundamentals to create value and efficiency. Unique in its multidisciplinary and integrative essence, IEM studies explore the foundations of business and engineering processes and inspire an engineering mind-set to develop business. The distinctive focus of the programme is to educate graduates with knowledge, skills and will to create and transform technology-based businesses in new or established firms.

You can choose from the three majors offered:

  • Leadership and Knowledge Management
  • Operations and Service Management
  • Strategy and Venturing

Creating value through proactive problem solving

IEM professionalism is an integrated skill set consisting of mathematical, technological, economic, and social competences that focuses on proactive problem solving in value creating processes. In essence, the ethos of IEM studies emphasizes a systemic, solution-oriented engineering mind-set. Emphasis is on capability to solve the right problems right, i.e. identify needs, define problems accordingly, and solve them effectively. Building on these foundations, the programme develops strong competencies for the creation and transformation of technology-based business combining strategic, operations, and people perspectives.

Industrial Engineering and Management is one of the two specialisation options offered within the Master’s Programme in Industrial Engineering and Management, the other being Strategy. The programme is organised by the Department of Industrial Engineering and Management.

Study programme

The curriculum for the Industrial Engineering and Management specialisation combines research-based insights (theories, analytical frameworks, and latest research knowledge) with experiential learning (cases, assignments, and teamwork).  You can choose from the three majors examining the creation and transformation of technology-based business in new or established firms from three complementary perspectives: strategy, operations, and people. Although each major focuses on the core of one perspective, the other perspectives are covered in optional courses of the major.

Leadership and Knowledge Management

The major in Leadership and Knowledge Management focuses upon people in technology-based work, and investigates leadership, collaboration and the human potential as critical success factors for creating and transforming technology-based organizations.

The mission of the major is to promote the role of people for the success of companies, public organizations and society at large. Research and teaching concentrates on the fundamental human factors that affect sustainable growth in technology-intensive environments. With particular emphasis on engineering and innovation, the center of interest is upon leadership and self-leadership, interaction, knowledge sharing, learning, collaboration, wellbeing and attitudes of people in the context of work. 

See detailed course data >>

Operations and Service Management

Operations management covers issues from operations strategy to efficient execution of operations, i.e., from configuring appropriate resources and processes into a production system that best contributes the organization’s goals and competitive advantage to managing the production system in order to provide the best match with demand and supply.

The major in Operations and Service Management builds on the generic principles on operations management but emphasizes the novel ways of encountering the challenges and utilizing the opportunities related to creating and transforming technology-based business.

See detailed course data >>

Strategy and Venturing

The major in Strategy and Venturing develops leaders and experts in strategic management and new business development capable of leading and transforming existing business and building new business. The understanding of and skills in strategic management and venturing are complemented with understanding of operations and people skills and studies in the context of technology-based business.

See detailed course data >>

The degree consists of a major (45 ECTS), a minor (20 ECTS), elective studies (25 ECTS), and the Master’s thesis (30 ECTS).

Degree structure of IEM

Recent Master’s thesis topics of Industrial Engineering and Management students include e.g. Release management process in a software service company; Computer-aided product cost estimation for the virtual factory; Efficiency and functionality of an internal purchaser-provider model in public specialized health care services; Stakeholder and dependency management in an IT organization, and Strategy formation studied from internal and external perspectives.

Career opportunities

Studies in Industrial Engineering and Management lead to diverse career paths. Careers in service industry, research and development, and business development and management are common, as are also service purchasing and requirements engineering in both public and private sectors. Expert positions in consulting, research or educational organisations are possible as well.

Typical job titles of recent graduates include e.g. Account Manager, Analyst, Commercial Development Manager, Consultant, Contract Manager, Product Manager, Purchasing Engineer, Risk Management Consultant, Risk Specialist, Service Development Engineer, Services Manager, Sourcing Specialist, Specialist - Process Development Logistics, Supply Chain & Quality Manager, Strategy Analyst, Technical Consultant, …

Our recently graduated alumni work e.g. in the following companies: ABB, Accenture, A.T. Kearney, Bain & Company, The Boston Consulting Group, Capacent, Enevo Inc., FA Solutions, Fazer, Finnair, Fiskars, KONE, Konecranes, McKinsey & Company, Metso, Neste, Nordic Healthcare Group, NOKIA, Nordea Markets, Normet Corporation, Palmu, Reaktor, Reddal, RELEX Solutions, Rovio, Siemens Energy, Sievo,,  SOK, Stora Enso, Telia Company, UBS, Wärtsilä,…

The programme provides also an excellent basis for doctoral studies. Further information on the research conducted at the Department of Industrial Engineering and Management can be found from the department website (

Tuition fees and scholarships

Non-EU/EEA students selected to the Industrial Engineeering and Management programme in the application round 2017 will be charged tuition fees. Further information on the tuition fees and scholarships offered can be found here.

Since our Master’s theses are typically commissioned by companies, students are often paid for the thesis-related employment. The Department of Industrial Engineering and Management also recruits successful students for summer jobs and research projects. 

Admission requirements

General admission requirements

The general eligibility requirements are the same for all Master's programmes in the field of science and technology. Please see also the requirements concerning language skills.

Eligible applications are then sent to the academic evaluation described in more detail below.

Specific admission requirements for Industrial Engineering and Management

The Department of Industrial Engineering and Management is responsible for the academic evaluation of the applications. Students are selected by the Departmental Selection Board. The first phase of the evaluation process identifies the applications that are acceptable according to the standards of the programme. The second phase of the evaluation process ranks the acceptable applications. The number of student places is limited and the evaluation process is highly competitive. If the number of acceptable applicants exceeds the admission quota, only the highest ranked applicants can be selected. The number of student places do not need to be filled if there are not enough sufficiently acceptable applicants.

During the academic evaluation, applicants are evaluated on the basis of following criteria:

  • previous academic performance (grades)
  • content of the previous degree(s)
  • motivation and dedication to the programme
  • other study-related merits

Learn more about the evaluation of applications

In order to pass the first phase of the academic evaluation, the application must indicate both outstanding academic performance and previous degree studies that are compatible with the M.Sc. studies in the field of Industrial Engineering and Management.

  • An acceptable applicant should have been among the best students (top 10-15%) in his or her home university. The degree certificate and/or the official transcript of university records should clearly indicate this. For example, an applicant has achieved consistently the best grades throughout the degree studies (very high weighted average grade or GPA), which typically leads to graduation with distinction. This would mean that for applicants from Finnish universities applying the grading scale 1-5, the expected GPA is generally at least 4.0. When evaluating each applicant’s academic performance, we emphasize the grades achieved in the degree that gives the eligibility for applying. The recognition of the applicant’s home university affects the final interpretation of the academic performance.
  • An acceptable applicant should also have a valid degree in the field of engineering, or in some other field relevant to Industrial Engineering and Management. Therefore, preference will be given to applicants with B.Sc. degrees in engineering, computer science, natural sciences, or mathematics. The official transcript of the applicant’s degree studies should indicate that she or he has a good technical foundation, i.e. studies in science, engineering mathematics and one technical discipline, supplemented with basic engineering reasoning and problem solving skills.

    The programme aims at an integrated skill set consisting of mathematical, technological, economic, and social competences. Therefore, the applicant is also expected to have basic knowledge of management, covering at least the basic concepts of markets and competition, operations management, organizational behaviour and financial management. The desired amount of management studies is 25 ECTS. Only small deficiencies in these prerequisites can be compensated by compulsory supplementary studies or adjustments in the personal study plan (HOPS).

In the second phase of the academic evaluation, the qualifying applications are ranked according to all of the aforementioned criteria. The academic performance is the most important criterion but the content of the previous degree studies, motivation and other study-related merits can distinguish otherwise even applications.

  • The academic performance is measured by the weighted average grade of the degree studies. As before, the recognition of the applicant’s home university affects the final interpretation of the academic performance. We also consider the applicant’s previous time-to-graduation. On the other hand, the level of the highest degree achieved is not a proof of academic performance in this context. If the applicant has several relevant degrees, all attached information will affect the assessment but we still emphasize consistent performance throughout the academic record.
  • Considering the content of the previous degree studies, deficiencies in prerequisites mean comparative disadvantage. However, when evaluating the content of the previous degree studies and the applicant’s dedication to the programme, we take into consideration that studies in the Master’s Programme in Industrial Engineering and Management will give the applicant genuinely new knowledge. In this respect, the number of degrees or amount of studies is not an advantage as such. Instead, the applicant is expected to describe thoroughly his/her motivation to join the program if the applicant already has a M.Sc. or higher academic degree. To improve knowledge in management does not require degree studies because the Finnish educational systems offers other possibilities for this.
  • The motivation letter should express the applicant’s interest in and dedication to the Master’s programme. When applying to the Industrial Engineering and Management specialisation, the applicant is requested to indicate in the motivation letter which major (Leadership and Knowledge Management, Operations and Service Management, Strategy and Venturing) s-/he would like to pursue. The motivation letter is a compulsory part of the online application form.
  • Other study-related merits refer to relevant work experience or other relevant activity, English language proficiency, and recommendations. Together with other evidence, they indicate the applicant’s interest in the programme and abilities to complete the programme successfully in due time.

The Selection Board reserves the right to decide how degree studies and the applicant’s home university match the criteria concerning relevance or recognition.

Application documents

In addition to the compulsory application documents, the following, additional application documents are appreciated:

  • Relevant Master's Degree certificate (if available) (officially attested)
  • Certificates of relevant university-level non-degree studies
  • Letter of recommendation (at least one). The recommendation should be written by a person who has supervised you in either academic or employment capacity. The recommendation must be delivered in a sealed envelope. The recommendation should be specifically addressed for the Master's Programme in Industrial Engineering and Management
  • Relevant letters of reference (work certificates) and other certificates of relevant activities. In case you have work experience or other activities that could support your application, include copies of these documents to your application.
  • Results of GRE- or GMAT-test (if available, please submit a paper copy of your test report)

The number of references or recommendations is not decisive but they complement the assessment of the applicant’s capabilities, motivation and dedication.

Applicant’s motivation letter (compulsory part of the online application form) should be written in English. The applicant is requested to indicate in the motivation letter which major (Leadership and Knowledge Management, Operations and Service Management, Strategy and Venturing) s-/he would like to pursue.

Also additional application documents described above (recommendations letter(s), work or other certificates) should preferably be submitted in English. If some other language than English, Finnish or Swedish is used in them, the applicant must provide precise, word-for-word translations of them.

Contact information

Location: Aalto University School of Science, Otaniemi Campus, Espoo


  • For enquiries regarding the application process, application documents and language requirements, please read instructions first. If you cannot find an answer to your question, contact Aalto University Admission Services at admissions [at] aalto [dot] fi.
  • For enquiries regarding the contents of studies in Industrial Engineering and Management, please contact Master Admissions at the School of Science at masters-sci [at] aalto [dot] fi.

Page content by: | Last updated: 25.01.2017.